Form 4 for LQDA Liquidia Corp
Accepted 2026-01-13 00:00:00 ET · period of report 2026-01-09 · accession 0001104659-26-003369 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2026-01-13 | 2026-01-12 | LQDA | Schundler Russell | GC | S - Sale+OE | $37.43 | -27.3K | 579.4K | -4% | -$1.02M |
| DM | 2026-01-13 | 2026-01-09 | LQDA | Schundler Russell | GC | M - OptEx | — | +29.4K | 581.0K | +5% | — |
| DM | 2026-01-13 | 2026-01-09 | LQDA | Schundler Russell | GC | M - OptEx | $0.00 | -29.4K | 30.1K | -49% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2026-01-12 | S | D | 27,289 | $37.43 | 579,394 | D | — | — | (F6) These shares of common stock were sold to cover taxes associated with the settlement of RSUs and PSUs that were initially granted to the Reporting Person on January 11, 2023, January 11, 2024 and January 11, 2025. (F3) Includes (i) 26,042 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 55,067 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 76,907 unvested RSUS of the 102,543 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 11,869 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2026-01-09 | M | A | 25,636 | — | 606,683 | D | — | — | (F4) On January 11, 2025, the Reporting Person was granted 102,543 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 25,636 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 26,042 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 55,067 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 76,907 unvested RSUS of the 102,543 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 11,869 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 3 | Common | Common Stock | 2026-01-09 | M | A | 3,759 | — | 581,047 | D | — | — | (F2) On January 11, 2024, the Reporting Person was granted 60,135 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 30,068 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 26,042 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 55,067 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 76,907 unvested RSUS of the 102,543 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 11,869 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 4 | Derivative | Performance Stock Units | 2026-01-09 | M | D | 25,636 | $0.00 | 76,907 | D | — · — to — | 25,636 Common Stock | (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. |
| 5 | Derivative | Performance Stock Units | 2026-01-09 | M | D | 3,759 | $0.00 | 30,067 | D | — · — to — | 3,759 Common Stock | (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. |